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A joint venture of Miami City Self Storage and Cypress Equity Investments will develop its first facility in Inglewood, Calif. Self-storage lending REIT Jernigan Capital has invested $28.7 million in the project.

We're celebrating our 30th anniversary by highlighting some of the most significant events in commercial real estate's history. This week: The birth and rise of CMBS. Stay tuned for our weekly posts and follow along with us on social media using the hashtag #CPETurns30.